AIG has named Talbot CEO Peter Bilsby as its global head of specialty.
In his new role, Bilsby will be responsible for the global energy, marine, aviation and credit lines businesses. He will report to Christopher Townsend, CEO of AIG General Insurance International.
Bilsby has served as CEO of Lloyd’s (re)insurer Talbot since 2016, which AIG acquired in July 2018 as part of its $5.6bn acquisition of Validus. AIG said that he will continue in this role until his successor is appointed.
Prior to taking the helm of Talbot, Bilsby served as managing director of the carrier and director of underwriting. He joined Talbot in September 2009 as head of global aerospace from XL London Market Ltd. Before XL, he held the position of managing director of the aviation division of Markel International.
Commenting on the appointment, Townsend said: “I’m pleased to appoint Peter to lead our Global Specialty businesses. Our clients and partners will benefit from Peter’s deep understanding of this sector and his leadership track record at Talbot.”
Bilsby remarked: “I am very much looking forward to working with the team to build a market-leading global speciality business. It has been a privilege to serve as CEO of Talbot and to work alongside such talented colleagues.”